If you live in Mechanicsburg, PA, you know many boating opportunities exist. But how do you protect your investment in the off-season? During the boating season, boat owners usually have adequate coverage. But what about when it’s time to store the boat?
Off-Season Storage
In places like Mechanicsburg, the off-season includes the colder months. Temperatures drop, water freezes over, and boats are stored until it’s safe to get out on the water again.
You have the option of indoor or outdoor storage. Your choice impacts the type of insurance you need, so it’s wise to look into your options.
Indoor coverage:
- Offers a high level of protection against weather-related damage
- Is climate-controlled
- Provides enhanced security
- Grants restricted access
- Is more expensive
- Possibly has limited space
Outdoor coverage:
- Is more affordable
- Varies; some covered, some not
- Is exposed to weather-related threats
- Security isn’t as robust
- Has a greater risk of theft or vandalism
Boating Insurance Coverage Options
Comprehensive coverage offers the best protection. Typically, it includes:
- Weather-related damages
- Theft and vandalism
- Fire and explosion
- Accidents in storage
Liability coverage is another option. During off-season storage, it handles:
- Injuries on the storage premises
- Property damage to nearby vessels
Specialized off-season policies are also viable choices. They can provide:
- Reduced premiums
- Coverage for storage-specific risks
- Flexible terms
You should consult insurance companies like Grove Financial and Associates Inc. to determine the most suitable options for you.
Adjusting Insurance Coverage
Boats stored during the off-season face risks that could result in damages or losses. Hence, you must adjust your insurance coverage periodically. Physical damages can involve:
- Damage from snow, ice, wind, or heavy rain
- In indoor storage, it can be mold and mildew
Accidents can also occur when moving boats in or out of storage or if something happens to the storage facility itself.
Our experts at Grove Financial and Associates Inc. are ready to help ensure you have the necessary coverage in Mechanicsburg, PA.
